Acta Oeconomica Pragensia 2007, 15(1):7-12 | DOI: 10.18267/j.aop.30

Probability Model of Income Distribution in the Czech Republic

Jitka Bartošová
RNDr. Jitka Bartošová, Ph.D. - odborná asistentka; Katedra managementu informací, Fakulta managementu VŠE v Praze, bartosov@fm.vse.cz .

Probability modeling may be approached in several principally different ways. One of such possibilities to achieve the aim is approximation of empirical distribution by means of an already known distribution (i.e. a parametric model). This paper focuses first on description of methods that may be used for modeling in practice and further on construction and verification of validity of one of present models of income distribution in the Czech Republic - logarithm-normal model with three parameters.

Keywords: income distribution, probability model, validity of the model
JEL classification: G30

Published: February 1, 2007  Show citation

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Bartošová, J. (2007). Probability Model of Income Distribution in the Czech Republic. Acta Oeconomica Pragensia, 15(1), 7-12. doi: 10.18267/j.aop.30
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